Why Ocugen Stock Tumbled by Nearly 6% on Monday

Motley Fool2022-04-19

What happenedAlthough it had good news to report, Ocugen nevertheless saw its stock decline by almost 6% on Monday. That news clearly wasn't good enough for investors, who were likely concerned about ...

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Comments

breAkdaWn
2022-04-19
breAkdaWn
This stock is surpreesed and oppressed by big pharma. Since it is not made in Sweden!
DiAngel
2022-04-19
DiAngel
I was so lucky!🍀🍀 🙏🙏🙏 lady luck was with me then that I backed out when it 📈📈. Otherwise, I am worse than LELE 🐼 now as it will be my biggest holding and 50% 📉📉 😭😭
ccy1122
2022-04-19
ccy1122
[OK] [OK] [OK] [Like] [Like] [Like] [Warning] [Warning] [Warning]
Tyanak
2022-04-19
Tyanak
👍🏼
gupzbajaj
2022-04-19
gupzbajaj
CoolPls like
S071
2022-04-19
S071
Ok

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That news clearly wasn't good enough for investors, who were likely concerned about the company's lack of specifics.So whatOcugen announced that it had secured the rights to commercialize Covaxin, a coronavirus vaccine developed by its India-based partner Bharat Biotech, in Mexico. Ocugen already holds the North American commercial rights to the jab; this has been extended to the big country just south of the U.S.Image source: Getty Images.Relative to other nations, Mexico has been fairly open about authorizing COVID vaccines -- 10 from various manufacturers have gotten the green light in the Latin-American country.Among these are the popular mRNA-based shots Spikevax from American biotech Moderna and Comirnaty from Pfizer and BioNTech. Covaxin is a more traditional vaccine that utilizes an inactivated version of the coronavirus to produce its effects.Covaxin currently holds emergency use authorization (EUA) in Mexico for patients aged 18 and older. An EUA application has been submitted to the country's healthcare regulator COFEPRIS for use in children between the ages of 2 and 18.In its press release trumpeting the Mexico deal, Ocugen wrote that Covaxin \"can be an ideal vaccination option for Mexico at this stage of the pandemic.\"\"It offers logistical advantages that could support vaccine access in hard-to-reach communities,\" the biotech added.Now whatYet Ocugen was mum on how much the rights expansion would cost (although it did say that this gives it \"the same profit share structure as in the United States\").When such details aren't fully provided, investors tend to assume the worst -- in this case, perhaps they're worried that the American company might have paid a pretty penny to tap into that Mexican revenue stream.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9088636286,"gmtCreate":1650336339036,"gmtModify":1676534699801,"author":{"id":"3569809505691000","authorId":"3569809505691000","name":"breAkdaWn","avatar":"https://community-static.tradeup.com/news/4c3676c14de9bfcd6f45bcf7ba4ddb6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3569809505691000","idStr":"3569809505691000"},"htmlText":"This stock is surpreesed and oppressed by big pharma. Since it is not made in Sweden!","listText":"This stock is surpreesed and oppressed by big pharma. Since it is not made in Sweden!","text":"This stock is surpreesed and oppressed by big pharma. Since it is not made in Sweden!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088636286","repostId":2228950175,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088692235,"gmtCreate":1650335469197,"gmtModify":1676534699522,"author":{"id":"4100833454173050","authorId":"4100833454173050","name":"DiAngel","avatar":"https://community-static.tradeup.com/news/f7c2ee91188421bf874cdbc97fb77886","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4100833454173050","idStr":"4100833454173050"},"htmlText":"I was so lucky!🍀🍀 🙏🙏🙏 lady luck was with me then that I backed out when it 📈📈.&nbsp;Otherwise, I am worse than LELE 🐼 now as it will be my biggest holding and 50% 📉📉 😭😭","listText":"I was so lucky!🍀🍀 🙏🙏🙏 lady luck was with me then that I backed out when it 📈📈.&nbsp;Otherwise, I am worse than LELE 🐼 now as it will be my biggest holding and 50% 📉📉 😭😭","text":"I was so lucky!🍀🍀 🙏🙏🙏 lady luck was with me then that I backed out when it 📈📈. Otherwise, I am worse than LELE 🐼 now as it will be my biggest holding and 50% 📉📉 😭😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088692235","repostId":2228950175,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088692002,"gmtCreate":1650335450602,"gmtModify":1676534699507,"author":{"id":"4103860021943040","authorId":"4103860021943040","name":"ccy1122","avatar":"https://static.itradeup.com/news/562c0e01bcfc63800f64741051cd9dbe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4103860021943040","idStr":"4103860021943040"},"htmlText":"[OK]&nbsp;[OK]&nbsp;[OK]&nbsp;[Like]&nbsp;[Like]&nbsp;[Like]&nbsp;[Warning]&nbsp;[Warning]&nbsp;[Warning]&nbsp;","listText":"[OK]&nbsp;[OK]&nbsp;[OK]&nbsp;[Like]&nbsp;[Like]&nbsp;[Like]&nbsp;[Warning]&nbsp;[Warning]&nbsp;[Warning]&nbsp;","text":"[OK] [OK] [OK] [Like] [Like] [Like] [Warning] [Warning] [Warning]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088692002","repostId":2228950175,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088693495,"gmtCreate":1650335192030,"gmtModify":1676534699452,"author":{"id":"4099464847810740","authorId":"4099464847810740","name":"Tyanak","avatar":"https://static.tigerbbs.com/06395489130b165c03280007e704e978","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4099464847810740","idStr":"4099464847810740"},"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088693495","repostId":2228950175,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088693134,"gmtCreate":1650335131097,"gmtModify":1676534699437,"author":{"id":"3582203097187155","authorId":"3582203097187155","name":"gupzbajaj","avatar":"https://static.tigerbbs.com/b0441cdcbc87c9f271dee51139b52dff","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3582203097187155","idStr":"3582203097187155"},"htmlText":"CoolPls like&nbsp;","listText":"CoolPls like&nbsp;","text":"CoolPls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088693134","repostId":2228950175,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088862750,"gmtCreate":1650331260018,"gmtModify":1676534698130,"author":{"id":"3582712430239719","authorId":"3582712430239719","name":"S071","avatar":"https://static.tigerbbs.com/1f21cc4747e7e36aaf24e423fd9d808b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3582712430239719","idStr":"3582712430239719"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088862750","repostId":2228950175,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":284,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2228950175"}